The rebel militia that has spent the past year terrorizing Red Sea shipping may be taking a new tack as events unfold in the Mideast.
American military forces protecting Red Sea shipping launched an airstrike against Houthi rebel bases inside Yemen.
Credit evaluator Fitch Ratings is changing its outlook for global container shipping in a move that could make it easier for vessel operators to issue debt or borrow money.
Rates on Asia-U.S. West Coast and Asia-U.S. East Coast container transport fell for the latest week tracked by Freightos but rose by double digits for Asia-Europe/Mediterranean traffic.
US forces defeated an attack by Yemen-based Houthi rebels on a trio of merchant ships and two destroyers in the Gulf of Aden.
With the freight recession seemingly in the rearview mirror, FreightWaves’ transportation market experts advise on how to prepare for 2025.
Ocean container rates to the U.S. remained steady as shippers maneuver to minimize the effects of higher tariffs and a potential port strike in 2025.
U.S. Navy warships fought off airborne attacks on a trio of American merchant vessels by Yemen-based Houthi militia.
The Port of Los Angeles posted record container volume in October on resilient consumer spending and a strong economy.
Zim saw a decision to leverage its business against spot rates pay off on surging demand in the trans-Pacific trade.
The American Apparel & Footwear Association said the U.S. should do more to protect Mideast shipping as attacks on vessels spur “unsustainable” higher costs and delays.
he third-largest ocean container carrier, CMA CGM, saw bottom-line improvement as higher rates on vessel diversions amplified a single-digit volume increase.
An extensive study by a U.N. panel found that Yemen’s Houthi rebels are taking in as much as $180 million a month in protection money from shipowners.
Alone among major liner operators, CMA CGM of France has maintained scheduled voyages between Asia, the Mediterranean and North America ports via the turbulent Red Sea.
Ocean Network Express posted soaring results in the second quarter on strong demand in the major trades, an early peak season in the U.S. and attacks on the Red Sea trade route.
Russia conveyed Iranian data to help Houthi rebels in Yemen attack commercial shipping in the Red Sea.
German transportation provider Hapag-Lloyd reported preliminary nine-month profits and raised its full-year forecast as vessel diversions pushed up shipping rates.
Airfreight volumes are buoyant during the typically slow summer season. One theory is that businesses are ordering sooner to avoid late deliveries for second-half shopping holidays, which could mean the busy season will be less busy than expected.
Extremely rough seas have made it impossible for commercial shipping to operate around the lower end of South Africa, adding to supply chain disruptions.
Ongoing attacks on vessels in the Red Sea by Yemen’s Houthis continue to disrupt shipping lanes in the chemical industry’s supply chain.
While logistics problems from the Red Sea have become white noise, it is important not to forget that lives have been lost.
The air cargo market is enjoying an unexpected boom during the slow season, but it’s unclear whether demand is pulling from the third and fourth quarters to avoid supply chain delays or will continue to build.
The Red Sea conflict continues to endanger shippers that do not divert around the Cape of Good Hope. But with the changing seasons, sea conditions also threaten cargo and safety. Allianz Commercial says risks are coming faster than ever in maritime.
The air cargo market is maintaining momentum despite entering the slow season, thanks to strong demand for e-commerce and e-cigarettes out of China and a mode shift tied to the Suez Canal cutoff.
Blank sailings are a major factor in maritime shipping and are increasing after ocean carriers gorged on higher Red Sea rates while they could thanks to added capacity. With capacity now cut, rates are rising again.
The air cargo sector grew more than 10% during the first quarter on the back of e-commerce exports from China and supply chain disruptions in the Red Sea.
Ship recycling has fallen to its lowest level in 20 years, per a recent report by the Baltic and International Maritime Council.
If China and Russia find the Houthi problem in the Red Sea as intractable as the U.S. and its allies have, it would all but halt what little maritime traffic remains in the region.
The air cargo logistics sector is enjoying good volume growth so far this year, but it remains to be seen if the new momentum can be sustained.
Rates are still high and ships are still rerouting, but global supply chains appear to be adjusting to restricted Red Sea trade.
Houthis, the Lunar New Year, drought in the Panama Canal, an impending potential strike and the upcoming election mean rough seas in 2024. Here’s how shippers can protect themselves.
A recent string of Houthi attacks have reignited concerns about the Red Sea crisis, raising the floor for tanker rates.
The crisis in the Red Sea will require companies to start planning for peak season in the next few months.
A rise in Chinese imports indicates seasonal trends are playing out as usual, very much unlike 2023’s anemic performance.
The air cargo market has certainly turned around from the depths of last summer, but the extraordinary increase in January volumes should be taken with a grain of salt. Conditions are improving, but short-term factors inflated the January numbers.
Tankers and bulk vessels continue to avoid conflict in the Red Sea, at increasing rates, according to new data from Lloyd’s List Intelligence.
If the Fed is deterred from cutting interest rates, freight demand could tumble just as carriers start regaining pricing power.
A recent round of U.S. and British strikes raise fresh questions about the impact of container shipping in the Red Sea.
Houthi attacks and Red Sea diversions will not spur inflation or a new supply chain crisis, claims consultancy Drewry.
Retailers and ocean carriers assess the possible effects in the U.S. if supply chain disruptions in the Middle East continue.
The Russia-Ukraine war led to enduring changes in shipping routes. War in the Middle East looks likely to do the same.
Spot rates remain very high, but appear to have plateaued. The question ahead: Will they fall back after Chinese New Year?
The air cargo industry finished 2023 on a high note and is getting an extra boost from the Red Sea shock as shippers divert ocean freight to keep their supply chains fluid.
The initial effect of Houthi attacks was on containerized consumer goods. The attacks are now snarling seaborne fuel flows.
This monthly report analyzes the current state of the freight market based on critical insights from our SONAR platform.
Lawmakers are told that criminals are registering as fake trucking companies with FMCSA.
Container-ship diversions from the Red Sea will likely last for months. Are large-scale tanker diversions imminent?
Houthi attacks have been a plus for shipping rates. The latest to benefit: Owners of container vessels that can be rented to shipping lines.
The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.
As the Houthis disrupt Red Sea trade, we’re seeing how fragile our supply chains are (again).
Red Sea escalation would juice tanker rates, but rates would fall if the conflict spilled into the Strait of Hormuz.
U.S. imports kept chugging along, despite all the talk of supply chain problems due to Red Sea attacks and Panama’s drought.
